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Qwest to Buy Allegiance Telecom Assets

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DENVER, Dec. 19 -- Denver-based Qwest Communications International Inc. agreed yesterday to buy assets of the bankrupt Allegiance Telecom for $300 million in cash. Qwest intends to purchase network assets in 36 metro markets, 31 of which are outside the Qwest local service region. This will increase Qwest's points of presence by nearly 700 and provide additional network facilities to support the delivery of end-to-end voice and data communications to business customers across the US. Under the terms of the agreement, Qwest will purchase the Allegiance assets for approximately $300 million in...Read full article

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    Published: December 2003
    CommunicationsNews & Features

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